MARKETS: Asian stock markets continue to fall – The chip giant rises under the threat of a strike

The fall in stocks from record high levels continued on Monday in Asian stock exchanges.

At the time of the review, Japan’s Nikkei was down 0.8 percent and the broader Topix was down 0.7 percent.

In mainland China, the CSI 300 was down 0.7 percent. Hong Kong’s Hang Seng was down 1.4 percent.

South Korea’s Kospi, which is the year’s best-performing stock index, on the other hand, bounced back after earlier losses to a 0.3 percent rise Samsung Electronicsin (+4.25) after the stock recovered.

The rise was triggered when the company’s management began crucial wage negotiations with its largest union to avoid a strike that South Korea the prime minister warns can seriously damage the country’s economy.

In recent weeks, strong earnings figures and the resilience of the US economy have lifted the world’s stock markets to record levels. However, the market is assessing more and more closely whether an oil price of more than one hundred dollars can accelerate inflation again and weaken the economic outlook.

On Friday, the President of the United States Donald Trump’s and the President of China Xi Jinpingin the meeting between continued in China. After the meeting, Trump said in an interview with Fox News that Chinese President Xi Jinping had offered to help with issues related to Iran. However, China has so far not publicly confirmed the claim.

According to Trump, China agreed to buy 200 airplanes manufactured by Boeing. It would be the first significant order for US aircraft by Chinese airlines in almost a decade. According to Bloomberg, however, the size of the deal was clearly below the maximum of 500 machines previously expected on the market.

In addition, Trump said that China is committed to buying American oil.

The price of Brent oil continued to rise on Monday. At the time of review, the price was around $111 per barrel, as efforts to reopen the strategically important Strait of Hormuz did not make significant progress.

Amid rising inflation and the Iran standoff, one of the most important questions for investors this week is Nvidia’s results announcement on Wednesday.

On the foreign exchange market, the dollar strengthened for the sixth day in a row. At the time of review, one euro equaled 1.16 dollars, 184.7 yen and 0.87 pounds. The dollar was 159 yen and the pound was 1.33 dollars.

A bearish opening is expected for the United States and Europe on Monday, based on index futures.